The economic transformation of Hungary has reached a critical
stage. Hungary has succeeded in attracting foreign capital, and has
achieved its first current account surplus in convertible currency
since 1984, despite upheavals, but the privatization process has
reached a crucial stage. It is clear that it will be a lengthy and
difficult process, with significant repercussions for the future of
the economy and profound social and welfare consequences. This book
presents some of the local arguments and perceptions informing the
debate, and critical examination of these ideas from an
international panel of scholars. The chapters address
privatization; financial, tax and legal systems; integration into
the international financial and monetary systems; labour markets,
unemployment and the social safety net; and the political economy
of the current economic transformation.
General
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